What is Digg?3 Comments
- snlsucksnow, on 12/07/2007, -0/+2Fresh out of college I couldn't get a loan for a car so I asked my parents to cosign. I didn't see it as a big deal and they didn't either but I ende dup having to take a second job just to make sure I could pay them back. If I had to do it over again, I would have bought a cheaper used car because cosigning put SO much pressure on me at the time. That's one side this article doesn't cover but great article nonetheless. Dugg
- inactive, on 12/07/2007, -0/+2This is stupid. If you are planning on paying a loan off yourself DON'T have uninvolved people sign it.
WHY would you have them sign it if it's your loan? Because it's fun to play "sign the loan"? - outpour, on 12/08/2007, -0/+1If the bank rejects your loan application because of your credit score or what-have-you you need a cosigner in order to get the loan, even if you plan to pay it off yourself.
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